The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimesh Singh
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Nimesh Sahadeo Singh, along with four Persons Acting in Concert (Kaushik Gandhi, Bijal Gandhi, Priti Singh, and Varshit Shah), filed this disclosure under Regulation 29(2). The filing clarifies there has been NO actual acquisition or sale of shares. The change in shareholding percentages is solely due to dilution from an increase in the company's paid-up capital. The equity share capital increased from Rs. 115.48 crore (11.55 crore shares) to Rs. 164.07 crore (16.41 crore shares) after an allotment by the Board on 31st March 2026. After the dilution, the acquirer and PACs collectively hold 1,17,50,000 shares representing 7.15% of the total diluted capital.
This is a passive dilution disclosure rather than an active stake build-up. The acquirer's percentage holding decreased purely due to new share issuance, not due to selling or buying. There is no immediate positive or negative signal for shareholders from this filing.